Stocks suffer biggest weekly outflow this year in 'risk-off' move: BofA

 

U.S. government bond funds received the biggest weekly inflow since August at $6.4 billion, BofA said in its weekly note tracking flows in and out of world markets citing figures from data provider EPFR.

BofA said this was a sign of a "risk-off" mood.

Investors pulled $2.8 billion from U.S. stock funds in particular, but put $5 billion into European equities.

Real estate stocks suffered the biggest outflow since May 2022 at $1.2 billion, while high yield bond funds saw the biggest outflow in 12 weeks at $2.3 billion.

However, BofA's analysts said the move out of stocks had yet to unwind much of the $156 billion of inflows into global equity funds so far this

 year.